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Destruction of premises
Destruction of premises In many states, once the sales contract is signed by both parties, the buyer bears the risk of any damage to the property that may occur before closing.
RELATED TERMS--------------------------------------
Contract
A legal agreement between entities that requires each to conduct (or refrain from conducting) certain activities.
Risk
The probability of getting your money back. High risk means low probability; low risk means high probability.
Property
The rights of ownership. The right to use, possess, enjoy, and dispose of a thing in every legal way and to exclude everyone else from interfering with these rights.
Closing
A period of time, usually less than seven days, after a registration statement is effective and the offering commences, giving the underwriters time to receive payment for the securities
SIMILAR TERMS--------------------------------------
PREVIOUS AND NEXT TERMS--------------------------------------
Derivative securities
Securities that are created artificially, i.e., derived from other financial instruments. In the context of CMBS, the most common derivative security is the interest-only strip.
Descent
Acquisition of an estate by inheritance in which an heir succeeds to the property by operation of law.
Design-build
A system in which a single entity is responsible for both the design and construction
Designated agent
A licensee authorized by a broker to act as the agent for a specific principal in a particular transaction.
Designer
Unlike architects, designers are limited to drawing blueprints.
Destruction of premises
Detached garage
A garage that is not attached to a home. Usually found in older homes.
Developer
One who attempts to put land to its most profitable use through the construction of improvements.
Developer's price
Estimated developer's current or market price. Full retail price.
Deviation
The measure of how widely the individual varies from the general population.
Devise
Real estate left by will. The donor is the devisor, and the recipient is the devisee.
This dictionary contains 6433 terms. |
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